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Nonlinearity in deviations from uncovered interest parity: an explanation of the forward bias puzzle
We provide empirical evidence that deviations from the uncovered interest rate parity (UIP) condition display significant nonlinearities, consistent with theories based on transactions costs or limits to speculation. This evidence suggests that the f
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https://explore.openaire.eu/search/publication?articleId=core_ac_uk__::b7d1eed5915cbee22fc82fa641a3ff65
